MG vs SEB: Correlation
Mistras Group Inc (MG) and Seaboard Corporation (SEB) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MG and SEB?
Over the past 3 years, MG and SEB moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.35 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 461.6 %².
Within MG's tracked universe of 13 assets, SEB comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MG outperformed by 94.9 percentage points (+99.7% for MG against +4.8% for SEB).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MG vs SEB: side by side
| MG (Mistras Group Inc) | SEB (Seaboard Corporation) | |
|---|---|---|
| 1-year return | +99.7% | +4.8% |
| 5-year return | +87.3% | -4.5% |
| Volatility (ann.) | 39.7% | 32.8% |
| Beta vs S&P 500 | 0.84 | -0.07 |
| Max drawdown (3Y) | -40.8% | -37.7% |
| Market cap | $0.6B | $3.8B |
| P/E (trailing) | 22.6 | 6.0 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MG | SEB |
|---|---|---|
| 2022 | -33.6% | -3.8% |
| 2023 | +48.5% | -5.2% |
| 2024 | +23.8% | -31.7% |
| 2025 | +39.6% | +83.5% |
| 2026 | +52.2% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MG and SEB good diversifiers for each other?
Reasonably. At 0.35, MG and SEB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MG and SEB?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.38 over the last year and 0.27 over 5 years.
Is SEB a good diversifier for MG?
Reasonably. At 0.35, MG and SEB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mg-vs-seb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mg-vs-seb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MG correlations · SEB correlations
